The global EV charging adapter market to grow at a CAGR of 50.31% during the period 2017-2021.

The report, Global EV Charging Adapter Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.

One trend in the market is focus on reducing charging time. Technological innovations have led to the development of high-energy batteries. Manufacturers are focusing on developing charging infrastructure and reducing charging time and cost.

According to the report, one driver in the market is growing sales of PEVs in China, Japan, the US, and other countries. The development and adoption of green vehicles reduce GHG levels in the atmosphere to an acceptable level. These vehicles run on alternative sources of energy like electricity, hybrid energy, and other power sources such as solar energy, wind energy, or biofuels. Stringent emission norms are implemented to reduce GHG emissions.

Further, the report states that one challenge in the market is increasing cost pressure adversely affecting the sales of AC level 2 and DC fast chargers. Due to the increasing number of road accidents and rising traffic congestion, governments across the world are emphasizing safety features in vehicles. Safety systems, such as the antilock braking system (ABS), airbags, tire pressure monitoring system (TPMS), and a few others, have made customers more aware of safety features.